Stock Update: Intel Corporation (NASDAQ:INTC) – Savioke Announces $15 Million Series A Funding from Intel Capital, EDBI, Northern Light Venture Capital

[Business Wire] – SANTA CLARA, Calif.–(BUSINESSWIRE)– Savioke today announced that it has raised $15 million in Series A financing from lead investor Intel Capital, along with EDBI, the corporate investment arm of the Singapore Economic Development Board, and Northern Light Venture Capital. This round brings the total raised to date to $17.6 million, following its seed investment from Morado Venture Partners, AME Cloud Ventures, Google Ventures, and additional individual investors. Read more on this. Intel Corporation (INTC) , with a current market cap of $154.23B, started the session at $32.76. Today’s price range has been between $32.58 and $32.93 per share with a one year range of $24.87 to $37.03. INTC shares are currently priced at 14.65x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 10.22x earnings multiple. The company pays shareholders $0.96 per share in dividend income per year, for a current yield of 3.05%. In a review of the consensus earnings estimate this quarter, 38 sell-side analysts are looking at $0.63 per share, which would be $0.11 worse than the year-ago quarter and a $0.00 sequential decrease. The full-year EPS estimate is $2.23, which would be a $0.08 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $14.80 Billion. If reported, that would be a 0.54% increase over the year-ago quarter. Recently, Mizuho upgraded INTC from Neutral to Buy (Jan 12, 2016). Previously, JMP Securities upgraded INTC from Mkt Perform to Mkt Outperform. Investors should keep in mind is that the average price target is $36.49, which is 11.39% above where the stock opened this morning. See more in (NASDAQ:INTC) Similar Articles: Stock Update: Intel Corporation (NASDAQ:INTC) – Intel Completes Acquisition of Altera Market Update: Intel Corporation (NASDAQ:INTC) – Intel (INTC) Stock Up on Regulatory Approval of $16.7 Billion Altera Deal Market Update: Intel Corporation (NASDAQ:INTC) – Intel Invests US$50 Million to Advance Quantum Computing